First Trust S&P REIT Index Fund (NYSEARCA:FRI) Trading Up 0.7% – Here’s What Happened

Posted by Erica Schwartz on Nov 29th, 2024

First Trust S&P REIT Index Fund (NYSEARCA:FRI – Get Free Report)’s share price was up 0.7% during mid-day trading on Wednesday . The company traded as high as $30.40 and last traded at $30.19. Approximately 28,776 shares changed hands during trading, a decline of 41% from the average daily volume of 48,379 shares. The stock had previously closed at $29.99.

First Trust S&P REIT Index Fund Stock Performance

The company has a market cap of $135.86 million, a price-to-earnings ratio of 27.98 and a beta of 1.01. The firm has a fifty day moving average price of $29.31 and a 200 day moving average price of $27.72.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank acquired a new stake in First Trust S&P REIT Index Fund during the 1st quarter valued at $31,000. Financial Perspectives Inc bought a new stake in shares of First Trust S&P REIT Index Fund during the 2nd quarter worth about $36,000. International Assets Investment Management LLC acquired a new position in First Trust S&P REIT Index Fund in the 2nd quarter valued at about $70,000. GAMMA Investing LLC acquired a new stake in First Trust S&P REIT Index Fund during the second quarter worth approximately $104,000. Finally, Private Advisor Group LLC acquired a new position in First Trust S&P REIT Index Fund in the 3rd quarter valued at $218,000.

First Trust S&P REIT Index Fund Company Profile

(Get Free Report)

First Trust S&P REIT Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the S&P United States REIT Index (the Index). The Index measures the securitized United States real estate investment trust (REIT) market and maintains a constituency that reflects the composition of the overall REIT market.